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Akamai Acquires Ondat to Strengthen Connected Cloud

Akamai Technologies has announced its intention to acquire Ondat in order to further strengthen its Connected Cloud offering and provide customers with an even more comprehensive suite of cloud services for optimizing their digital experiences across all devices and channels. The deal is expected to close in Q2 2021 pending regulatory approval.

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Mar. 23, 2023 12:31PM

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A picture showing both company logos side by side or two hands shaking against a cloudy sky background would be appropriate here.

A picture showing both company logos side by side or two hands shaking against a cloudy sky background would be appropriate here.

Akamai Technologies, Inc. has announced that it intends to acquire Ondat, a cloud-based software provider, in order to further strengthen the Akamai Connected Cloud. The acquisition is expected to help Akamai expand its global presence and better serve customers with an even more comprehensive suite of cloud services. The acquisition will bring together two companies with complementary technologies and expertise. Ondat’s cloud-based software platform provides an integrated set of tools for managing customer data, analytics, and digital experience optimization across multiple channels and devices. This platform is designed to help customers quickly deploy solutions for improving their digital experiences while also reducing costs associated with traditional IT infrastructure. Akamai’s CEO Tom Leighton said in a statement that “Ondat’s technology will enable us to offer our customers an even more comprehensive suite of cloud services for optimizing their digital experiences across all devices and channels. We are thrilled to welcome the Ondat team into the Akamai family as we continue our mission of helping businesses succeed online." The terms of the deal were not disclosed but both companies expect it to close in the second quarter of 2021 pending regulatory approval. Upon completion of the transaction, Ondat will become part of Akamai's Connected Cloud business unit which offers a range of services including content delivery network (CDN), security solutions, web performance optimization (WPO) and application acceleration services.